DOW FALLS 200: Here's what you need to know

Stocks got crushed, sending the Dow back into the red for the
year, with healthcare stocks falling the most in the final day of
trading in the first quarter.

First, the scoreboard:

Dow: 17,776.12 -200.19 (-1.11%)

S&P
500: 2,067.89 -18.35 (-0.88%)

Nasdaq: 4,900.88
-46.56 (-0.94%)

And now, the
top stories on Tuesday:

The Chicago
Purchasing Managers Index was dismal for a second straight
month. The March reading came in at 46.3, while
expectations were pinned at 51.7. Any reading below 50
indicates a contraction. Phillip Uglow, chief economist of MNI
Indicators, said: "While purchasers expect to see demand
increase over the second quarter, for now the data point to a
significant loss of momentum in the US economy during Q1."

In other economic data,
home prices rose 0.87% in January month-over-month, and
rose 4.56% year-over-year, compared to expectations for 0.6%
and 4.6% respectively. Prices rose 0.91% in December.
And, data from the Conference Board showed
consumer confidence soared in March, at 101.3 (versus 96.4
in February,) mostly on expectations of higher pay. The reading
was unchanged from January.

West Texas Intermediate crude oil fell by over 2% to as low
as $47.28 a barrel. Brent crude, the international benchmark,
also fell by more than 2% to around $54.97. On Wednesday, the
Energy Information Administration will release the weekly data
on US oil inventories, which are still around 80-year highs.

Corn and wheat futures tanked after the US Department of
Agriculture released its Prospective Plantings
Survey. According to the department, stockpiles for both
crops will be larger than expected, and farmers will plant less
corn this spring. Corn futures fell by over 4% while wheat
futures fell by more than 3%.

Greece may be just fine on its own outside the eurozone,
according to Warren Buffett. In an interview with CNBC, the
Berkshire Hathaway CEO said eurozone members cannot continue
going "in dramatically different directions." Greece is currently
in negotiations over how to settle its debt, and
Business Insider's Mike Bird has a picture of the worst-case
scenario if it doesn't get a bailout deal. Buffett also
said he "probably won't do much" if he was in charge of
monetary policy, especially given the weakness in Europe.